Updated September 13, 2024.
Leith Wheeler
Income Advantage Fund
Objective
To provide investors with a relatively stable source of tax efficient monthly income, with some potential for long-term growth through capital appreciation and growth in dividends. The Fund derives its income from its investments primarily in fixed income securities, preferred shares, and dividend-paying equities.
Investment Style
The Fund invests in a mix of assets to provide a tax-efficient source of income. The asset mix includes fixed income securities (which are lower risk), preferred shares, and dividend-paying equities, which provide opportunities for dividends and capital gains. The allocation of investments in the Fund is determined by the Manager to optimize the income and balance the risk of the portfolio. We purchase preferred shares and dividend-paying equities with the intention of holding them for the long term. We focus on determining the inherent value of a company's business rather than attempting to predict short-term fluctuations in its share price. In evaluating a company s inherent value, we look at factors such as management, competitive position, growth prospects, cash flow and dividends. The fund may invest in bonds, debentures, mortgage loans, mortgage backed securities, medium term notes, asset-backed securities, fixed income securities issued by both Canadian and international corporations. Up to 20% of the assets of the Fund may be invested in foreign securities.
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Low
High
Fund Code
LWF030
Asset Class
Balanced
Daily Price
$11.61580
Series
F
Quarter End Fund Size
$49.4 million
Series Inception Date
Aug 28, 2015
Fund Inception Date
Dec 21, 2010
MER
0.91%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
142
Minimum Investment
- $5,000 initial
- $1,000 subsequent
Quarter End Yield
4.58%
Benchmark
- 35% S&P/TSX Composite Dividend Index
- 32.5% FTSE Canada Mid Term Corporate Bond
- 32.5% FTSE Canada Short Term Corporate Bond**